The Sales Tax Asset Receivable Corporation (STAR) has announced a $2 billion refunding bond sale beginning with a two day retail order period on Friday, September 19th, and Monday, September 22nd, during which individual investors will have priority in placing orders for the bonds. Institutional pricing is scheduled for Tuesday, September 23rd. The transaction will consist of tax-exempt fixed-rate bonds.
STAR’s bonds are secured by the sales tax revenues of the State of New York. The interest on these tax-free municipal bonds is exempt from federal, New York State and New York City personal income taxes. These bonds currently carry a Aa1 rating from Moody’s Investor Services, a AAA rating from Standard and Poor’s and a AA+ rating from Fitch Ratings.
This is not an offer to sell or a solicitation of an offer to buy bonds. Bonds may only be purchased through a registered broker-dealer. If you would like more information on this opportunity to invest in Sales Tax Asset Receivable Corporation bonds, please contact your financial advisor or broker. Please review carefully the Preliminary Offering Circular which describes the offering in full.
STAR Corporation Preliminary Offering Circular
STAR Corporation Investor Presentation
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